HOPKINSVILLE, Ky. (June 21, 2017) – HopFed Bancorp, Inc. (NASDAQ: HFBC) today announced that its Board of Directors has increased its quarterly cash dividend by 25% to $0.05 per share. The cash dividend will be paid on July 27, 2017 to stockholders of record as of July 7, 2017.
“We are pleased to announce a 25% increase in our cash dividend to $0.05 per share,” stated John E. Peck, President and Chief Executive Officer. “We believe the increased dividend highlights our Board of Directors’ focus on long-term shareholder value, our improved earnings and positive outlook for 2017.”
HopFed Bancorp, Inc. is a holding company of Heritage Bank USA, Inc. (“Heritage Bank”) headquartered in Hopkinsville, Kentucky. The Bank has eighteen offices in western Kentucky and middle Tennessee as well as Heritage Bank Wealth Management of Murray, Kentucky, Hopkinsville, Kentucky, Kingston Springs, Tennessee, and Clarksville, Tennessee and Heritage Mortgage Services of Clarksville, Tennessee, and loan production offices in Nashville, Tennessee and Brentwood, Tennessee. The Bank offers a broad line of banking and financial products and services with the personalized focus of a community banking organization. For more information about Heritage Bank and HopFed Bancorp, Inc., go to our website at www.bankwithheritage.com.
Information contained in this press release, other than historical information, may be considered forward-looking in nature and is subject to various risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated or expected. Among the key factors that may have a direct bearing on the Company’s operating results, performance or financial condition are competition and the demand for the Company’s products and services, and other factors as set forth in filings with the Securities and Exchange Commission.
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